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This simple example can be extended to other situations of bargaining, such as employer and union negotiation, or to that of two villages with different resources and an aim of optimizing economic benefit in trade.
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It accomplishes the dual primary purposes of tax policy: raising revenue while optimizing economic growth.
In this study, the applied approach highlighted the trade-off between ecology and the economy, best represented in Figure 4 where scenario 1 has been identified as the solution which optimizes economic as well as ecological benefits.
Indeed, the EMH long ago produced its doppelgänger: economic determinism, that is, the primacy of processes that optimize economic efficiency (including free trade).
Through incorporating the emergy theory, the model is formulated as a multi-objective approach that can optimize both the economic benefit and sustainable performance of the integrated industrial system.
Forest management under each silvicultural system was optimized from the viewpoint of the forest landowner, maximizing the economic benefit obtained from the forest.
Overall economic benefit.
"There is no economic benefit".
Significant economic benefit is created.
Total economic benefit 4,900 Sum net present value of benefits.
4. Significant economic benefit is created. .
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com